Press Release: West Fraser Announces Third Quarter 2024 Results

Dow Jones10-24
--------------  --------------------  -------------------  ---------------------  ---------------------  ---------------------  ------------------- 
Operating 
 earnings 
 (loss)          $             (100)  $               236   $                 --  $                 (6)  $                   2  $               132 
Amortization                      49                   71                      4                     12                      3                  138 
Equity-based 
 compensation                     --                   --                     --                     --                    (4)                  (4) 
Restructuring 
 and 
 impairment 
 charges 
 (reversal)                      (1)                    1                      5                     --                     --                    5 
--------------  --------------------  -------------------  ---------------------  ---------------------  ---------------------  ------------------- 
Adjusted 
 EBITDA by 
 segment        $               (51)  $               308  $                   9  $                   6  $                   1  $               272 
--------------  --------------------  -------------------  ---------------------  ---------------------  ---------------------  ------------------- 
 

Expected capital expenditures

This measure represents our best estimate of the amount of cash outflows relating to additions to capital assets for 2024 based on our current outlook. This amount is comprised primarily of various improvement projects and maintenance-of-business expenditures, projects focused on optimization and automation of the manufacturing process, and projects to reduce greenhouse gas emissions. This measure assumes no deterioration in current market conditions during the year and that we are able to proceed with our plans on time and on budget. This estimate is subject to the risks and uncertainties identified in the Company's 2023 Annual MD&A and Q3-24 MD&A.

For More Information

Investor Contact

Robert B. Winslow, CFA

Director, Investor Relations & Corporate Development

Tel. (416) 777-4426

shareholder@westfraser.com

Media Contact

Joyce Wagenaar

Director, Communications

Tel. (604) 817-5539

media@westfraser.com

View original content:https://www.prnewswire.com/news-releases/west-fraser-announces-third-quarter-2024-results-302284964.html

SOURCE West Fraser Timber Co. Ltd.

 

(END) Dow Jones Newswires

October 23, 2024 17:01 ET (21:01 GMT)

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